Investors are talking about how the Fed just might pull this off, but there might be some risks to avoid still. Steve Blumenthal, CMG Wealth Management CEO, joins Markets Hub. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... I ... a deal the Dow Jones industrial average of seventy five points to make ... markets rebounding strongly Cyprus whoever Cyprus is worried about it ... the Nasdaq is up as well twenty points on the Nasdaq the Essen P ... fifteen fifty seven is now it is within ten points of the all-time record of fifteen sixty five point one five ... at the closing record were watching Ellen came within two points of the last week didn't quite get there ... trying to get it back to today ... what's going on today the Fed we know about the Orrstown Phil Izzo ... everybody loves the fact I it's it's really some believe that there's a shortage said therapy on the side of the Fed's you now it can fight the Fed ... isn't the right thing to do his the Fed can they really pull this off and spend a lot of money trying to get the market's back to back the break-even or a ... non breakeven ... can they do it we're lucky to have a misty Blumenthal CEO and founder of CNG will asset ... as well management ... priori that come find ideally you should not a lot of doubters and the Fed last Tuesday Steve and one seems to think that they can print their way to prosperity ... we make it ... well when everybody knows the same side and trains particularly cautions and when everybody gets extremely ... bullish ... generally a lot of them the money is in the game and in you wanna get defensive yes ... I know that the bottom line is that ... if central banks to print countries way out of trouble anytime ... when biggest although all the time and after the argument here about this ... the Fed is really trying to make that seemly as not the case well that that the phony accelerator and and they're going on and fifty miles an hour ... I think that what happens is when the unintended consequences ... so we are forcing ... the balance of the rest of the world to also print them and also just to make their currencies competitive ... so if you got several store is across the street here ... and one among those on a fifty percent off sale ... doing that because of the all in all the business to come their way ... so this this imbalance was such currency creation ... is the next problem behind us yet ... now when does that become a problem with inflation it's it's not out of control certainly not here inflation I mean I know gas prices are permanently high ... implied that inflation is not a huge problem right now ... despite the fact that if it's pump a couple trillion into the economy in the five billion a month ... when does is people will wear exporting ... gas and what we're going all truly end of June because for so interconnected ... is important that in him will see that price pressures ... so while the Fed may win ... or or or lose in the race to the bottom others get their little bit quicker ... alternately ... too much money in the system ... and this is unprecedented we've been a zero interest rates for four years ... and were talking about if you look at the front of an eight zero at all ... before this ... correct right so for years and they're talking about it least as far as holding interest rates until third-quarter two thousand fifteen mm this is unprecedented and and the reality is we're hurting savers in a big way ... and what they'll win at what the Fed wants to enact ... his decree drive inflation ... and that's going to be the next problem ... they gallop or other goals is obvious to reflate the asset markets it stops don't hit people find stocks ... the commandant to that point write a mean everybody finally sees soda sees the light whenever ... for you you have clients who advise the obviously what are you telling your plans right now well I think it's better to have a very large for allocation ... to tactical type of trading strategy Caesar strategies he can trade up trends down trends ... that are focused on a long directional bias ... um that long directional bias around the corner is another twenty or thirty percent correction ... I'm not sure when that's gonna be ... a good dont wanna fight the Fed but at some point the unwind behind this is very troublesome ... in the interest rate pressures inflation pressures ... are stealing from retirees' portfolio so ... um there's there's there's caution or so have targeted debts ... would have a large ... war ... that has the flexibility to be defensive Intrade Iranian light sabers there's a cost ... of the causes of Costco right now ... the high-speed